# Nvidia authorizes $150 billion share buyback, the largest increase in its history

Digest AI · Business & Funding · published 2026-10-01T15:30:00Z

Canonical: https://digestai.news/story/nvidia-authorizes-150-billion-share-buyback-the-largest-increase-in-it

## Summary

Micron Technology reported fourth‑quarter revenue and earnings that beat analysts’ expectations, driven by continued AI‑related demand for high‑bandwidth memory and data‑center products. The chipmaker said it would announce a share‑buyback by the December deadline tied to the CHIPS Act funding expiration, though the market reaction was muted and the stock slipped 3.4% over the week.

Nvidia’s board approved a $150 billion increase to its share‑repurchase program, lifting the remaining authorization to $235 billion and marking the largest buyback expansion in the company’s history. The program runs through fiscal 2028, which ends in January 2028, and the news helped lift Nvidia’s shares 2.6% for the week, extending a three‑week winning streak.

In the consumer‑AI arena, OpenAI unveiled “dots,” a new capability that aims to give users more useful, agent‑like assistance across tasks and workflows. The launch positions OpenAI directly against Meta’s Muse AI assistant, which has received strong early feedback for its integrations and consumer‑focused experience, intensifying the race to turn AI assistants into everyday digital products.

## Key points

- Nvidia board approved a $150 billion increase to its share repurchase program, raising total authorization to $235 billion through fiscal 2028.
- Micron posted Q4 revenue and earnings ahead of expectations, citing AI‑driven demand for high‑bandwidth memory; its stock fell 3.4% week.
- OpenAI launched “dots”, an agent‑like AI capability to compete with Meta’s Muse assistant across tasks and workflows.

## Why it matters

The announcements signal strong investor confidence in AI‑driven hardware demand, while the massive Nvidia buyback underscores cash generation from AI accelerators. OpenAI’s new assistant feature heightens competition in the consumer AI market, shaping future user experiences.

## Sources

1. [Stocktwits AI Roundup: Micron’s Blowout Quarter, Nvidia’s $150B Buyback And The Race For AI Agents](https://finance.yahoo.com/technology/ai/articles/stocktwits-ai-roundup-micron-blowout-071150791.html) (finance.yahoo.com, 2026-10-01)

Part of the developing story: [Nvidia's $150B Buyback and AI Push](https://digestai.news/thread/nvidia-increases-share-buyback-by-150b-to-235b-through-fiscal-2028) (2 stories)

## Cite

Digest AI, "Nvidia authorizes $150 billion share buyback, the largest increase in its history", 1 October 2026, https://digestai.news/story/nvidia-authorizes-150-billion-share-buyback-the-largest-increase-in-it

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